Indians trading forex and depositing money using FasaPay

#1
HI....I spoke to customer care at alpari and asked if they have Indian traders and he said "yes".
I asked them what is the mode of deposit and withdrawal. he said most Indians use Fasapay to deposit and withdraw money while trading on Alpari.

I wanted to ask is it possible to do that specially when only 4 pairs involving INR are permitted in India

Can anybody tell me what are those people showing as their source of income when the withdraw money from their trader account to fasapay and then in turn to their bank account?
 
#2
I know for sure that no bank credit card or debit card would allow money to be used for online forex trading.....SO is it that they are depositing money to fasapay and then inturn putting it in forex trading account because I don't think a bank credit card or debit card will have any problems transferring funds to fasapay as it can be used for other purposes and not just forex trading....

And then ofcourse once they withdraw, would the bank be interested to know where is money from fasapay coming from?

Or is fasapay a new thing which Indian traders can use to trade forex since you are not converting rupee to dollar for forex purpose directly.
 

Tavnaz

Well-Known Member
#5
Do some trader in india using Skrill??
Skrill in indonesia already scammer right now.
You are bad mouthing a good service by saying that,skrill offers a good service,i have used them,and still do sometimes,perhaps you are relying on rumors,or they are not well established in indonesia.
They offer wire at a small fee.
You can even apply for a card with them,for small annual fee.
 
#6
Hi Bro are u doing forex trading using fasapay, if yes please let me know if you faced any problems even I am opening an account with a fx broker which is the best method to load funds?
 

Similar threads